Jim Cramer, host of CNBC's "Mad Money," has shifted his view on Bitcoin, now advocating for it as it achieves an 18-month high.After a year of advising against Bitcoin, Cramer's change to bullishness raises questions among investors and market analysts.Cramer's new support for BTC coincides with its significant price surge, with investors reacting skeptically to his flip-flopping stance.Jim Cramer, the host of CNBC’s “Mad Money,” has reversed his stance on Bitcoin, advocating for it as it reaches an 18-month high.This change in opinion comes after a year of Cramer emphatically advising against Bitcoin. Consequently, leaving investors and market watchers to ponder the implications of his newfound bullishness.Cramer Turns Bullish on BTCMad Money’s Jim Cramer, known for his dynamic and often fluctuating views on financial products, stated that he had previously believed “the money had been made” in Bitcoin. However, he now admits this judgment was premature.“Look, if you like Bitcoin, buy Bitcoin. That has always been my view. And for a while, I liked it, and I decided that money had been made, but I was premature,” Cramer said.His renewed support for Bitcoin aligns with the cryptocurrency’s recent surge. #BTC soared above $38,000 for the first time in a year and a half, marking a 10% increase last month.The crypto and finance communities, often critical of Cramer’s shifting opinions, have raised eyebrows at this latest turn. Some investors humorously suggest that taking a stance opposite to Cramer’s advice could be a wise financial move.This sentiment even led to proposals for “Inverse Cramer ETFs” to the SEC, which based investments contrary to Cramer’s guidance. With Cramer’s renewed confidence in Bitcoin, some social media voices in the crypto market speculate that this might signal a potential downturn, potentially erasing recent gains.Is It Time to Sell Bitcoin?While some suggest it is time to sell Bitcoin after Cramer’s endorsement, several crypto experts beg to differ. For instance, Tone Vays, a trading veteran, sees no immediate resistance for the price of Bitcoin.“I don’t see any resistance. [Still,] according to the Fibonacci levels we do have resistance at $48,000 – $49,000 which is interesting because it’s just below that $50,000 round number. I know I have been saying that $41,000 – $42,000 is an area of reversal, but I think we can blow through that,” Vays said.Likewise, Ali Martinez, BeInCrypto’s Global Head of News, pointed out that Bitcoin built a strong support barrier between $25,000 and $30,000. Like Vays, Martinez emphasized that the only critical resistance levels are now at $38,440 and $47,360.Jacob Canfield, a renowned crypto trader, also shared a similar view, suggesting that Bitcoin, Ethereum, and altcoins have more room to go up before the market faces a significant correction.“My playbook: First BTC to $48,700. Then ETH to $3,350. Then altcoins party for 14 days. Then sell everything to USD. Buy the 40% dip on Bitcoin and alts,” Canfield said.Finally, Thomas Lee, Head of Research at Fundstrat, interprets the current trends as positive signs for December, indicating a “risk on” environment.“The positive seasonals are working, and that is a risk on environment. I think the move on Bitcoin, which made a new high for the year, is another sign of risk on. I think for now it’s all good signs for December,” Lee added.Despite Cramer’s latest endorsement, Bitcoin may have more legs to go up before the next important move.#CZBNB #CryptoMovement #RichardTeng $BTC $ETH $BNB

Changpeng Zhao (CZ), co-founder of Binance, has taken to social media to share his thoughts on the recent suspension of his account on X (formerly Twitter). In his characteristic style, CZ invoked a Chinese proverb, stating that "trouble doesn't travel alone" (祸不单行), hinting at a broader context surrounding the unexpected account suspension.

The Binance CEO shed light on a seemingly innocuous action that may have triggered the suspension—the change of his profile name. CZ noted that the account suspension occurred instantly after he updated his profile information. Displaying his trademark humor, he humorously suggested that perhaps the Twitter algorithms had not kept up with his swift profile adjustments.
In a tweet that garnered attention, CZ called for improvements in X's bot detection algorithm. He even tagged tech mogul Elon Musk, drawing attention to the need for a more accurate and discerning system. CZ playfully remarked that the current algorithm seemed to miss many malicious bots while mistakenly targeting genuine human users like himself.
This incident adds a touch of levity to the ongoing debate about the efficacy of social media platforms in managing user accounts and identifying potential bot activity. CZ's lighthearted response resonates with his reputation for engaging with the community in a personable and relatable manner.
As the cryptocurrency community continues to navigate the complex landscape of online communication, instances like CZ's Twitter account suspension serve as a reminder of the evolving challenges faced by influential figures in the industry. The episode also underscores the need for continuous improvements in social media platforms' algorithms to strike a balance between security measures and ensuring genuine user interactions are not disrupted.

In the spirit of the proverb he invoked, CZ's response exemplifies resilience and humor in the face of unexpected challenges. As the situation unfolds, the crypto community eagerly anticipates whether the co-founder's Twitter account will be swiftly reinstated, and if any changes will be made to the algorithm to prevent similar amusing yet inconvenient occurrences in the future.

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The Unfolding Storm in the Crypto CosmosIn the dynamic and ever-evolving landscape of the cryptocurrency universe, recent events have given rise to a saga of unparalleled sacrifice and redemption. At the center of this narrative is Changpeng Zhao, the visionary CEO of Binance, the world's largest cryptocurrency exchange. The seismic shockwaves began with the revelation of a daunting $4 billion fine imposed by the U.S. government, casting a looming shadow over Binance and the entire crypto industry.Live for othersThe Decision: A Bold Move in the Face of AdversityIn a move that would come to define his legacy, Zhao chose a path of unparalleled bravery and sacrifice. Faced with the prospect of the storm wreaking havoc on the decentralized dream he had helped cultivate, he made a pivotal decision. With stoic resolve, he announced his resignation on November 22, sending ripples through the crypto community.The Reasons Behind the Sacrifice: Accountability in the SpotlightZhao's sacrifice was deeply rooted in accountability. In a courtroom in Seattle, he admitted guilt to violating the Bank Secrecy Act, signaling a willingness to bear the consequences of oversight. A $50 million fine hung over him – a symbolic toll for the lapses that had occurred under his watch. This was not merely a legal formality; it was a profound act of taking responsibility for the integrity of the crypto world.The Impact: Resonating Ripples Across the Crypto CommunityZhao's sacrifice was not lost on the global audience of crypto enthusiasts and traders who had come to rely on Binance for their digital transactions. The announcement underscored the vulnerability of even the titans in this rapidly evolving landscape. The courtroom scene became a crucible of transformation, with Zhao emerging as a sacrificial guardian.The Narrative Shift: From Leader to HeroAs news of Zhao's sacrifice reverberated, it sparked conversations and reflections across the crypto community. The narrative shifted from the fall of a leader to the rise of a hero. Changpeng Zhao became the symbol of a leader who, in the face of adversity, chose to sacrifice personal prestige for the greater good of the decentralized ethos.Richard Teng (New CEO)Conclusion: Winds of Change in the Crypto WorldIn the aftermath, the winds of change swept through the crypto world. The community, once shaken by the storm, found renewed resilience. Zhao's sacrifice, a modern-day parable, had not only saved Binance but had also become a guiding light for the entire crypto industry, reminding everyone that even in the volatile world of digital currencies, heroism and sacrifice can pave the way to a brighter future.#BTC #RichardTeng #CZBNB